Real Estate Math
A Florida buyer purchases a lot for $125,000 and builds a home costing $285,000. What is the total investment and the land-to-value ratio?
A$125,000.00✓ Correct
BTotal: $410,000; land ratio 32.5%
CTotal: $400,000; land ratio 31.25%
DTotal: $410,000; land ratio 28%
Explanation
Total investment = $125,000 + $285,000 = $410,000. Land-to-value ratio = $125,000 ÷ $410,000 × 100 ≈ 30.5%.
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